How to build our trading strategy in forex? - Page 2
Page 2 of 38 FirstFirst 12345612 ... LastLast
Results 11 to 20 of 380

Thread: How to build our trading strategy in forex?

  1. #11
    Quote Originally Posted by nosa33 View Post
    a trader who trade without a certain plan or strategy may face alot of problems . like random trading . over trading , and putting random targets and random stop loss. but instead the good trader must have his own strategy which must be of his own creation and contains all the fundamentals he want to use in his own trading . so the strategy may be very simple but at the same time it may be so strong
    Any type of trading without any preparation will bring a lot of problems to us. So its very important to use proper discipline and a good trading system for ourself in forex. There is no need to do random trading because if you will try to use stop loss randomly then most of time market will hit your stop loss and you will blow your trading account

  2. #12
    I agree that by having a good strategy is the only way to make profits in one's trading, but by following the trend is not the only way to have winning trades, it maybe less riskier as compare to other approach but their are other trading approaches also that can give traders good profits such as scalping,reversal, breakout and range trading, but again all of these approaches requires good strategy and the strict discipline in the implementation of its rule.
    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  3. #13
    Quote Originally Posted by techboy View Post
    I agree that by having a good strategy is the only way to make profits in one's trading, but by following the trend is not the only way to have winning trades, it maybe less riskier as compare to other approach but their are other trading approaches also that can give traders good profits such as scalping,reversal, breakout and range trading, but again all of these approaches requires good strategy and the strict discipline in the implementation of its rule.
    No matter which type of trading system you are using you should have a good capability to handle your trading system. I think tradinfg with a good market trend is very important in forex and its better than scalping, reversal, and breakout etc. I am following technical analysis in trading but never forget to focus on the market trend

  4. #14
    Banned
    Join Date
    Nov 2013
    Posts
    14,748
    To build the trading strategy of the trader is never an easy thing, but such trader should understand that trading is more of how the trader is working with it. This is why one should place all things systematically. Knowing fully well that doing trading is more of how you understand the working, and try to know your means of management.

  5. #15
    Quote Originally Posted by silverlady View Post
    To build the trading strategy of the trader is never an easy thing, but such trader should understand that trading is more of how the trader is working with it. This is why one should place all things systematically. Knowing fully well that doing trading is more of how you understand the working, and try to know your means of management.
    Yeah dear its not very easy at all but you share your view very nicely about it, we have to understand more and more about our trading system. We need a endless knowledge in this business, as you are saying that a systematic way of trading can give us a better result in forex trading and we can enhance our trading skill and experience by it

  6. #16
    Quote Originally Posted by hasnainbwn View Post
    yes sometimes successive profits could make a trader overconfident and he think that he figured it all out and that when reality hits when he start to increase lot size and then he loses all what he have earned earlier because he chose to leave all his trading rules because of overconfidence.
    Yeah mate that's a very good point by becoming overconfident we not able to focus on trading rules, and try to become over smart in our business but later we feel that its was not good at all. Breaking trading rules could be very dangerous even some time we can got margin call and stop out problem so its very important to focus on good discipline

  7. #17
    Banned
    Join Date
    Oct 2013
    Posts
    11,246
    need process and also a time to understand how to build our own trading system, and also we need to make sure that we have already known for what is our real characteristic for this business, then we need to get a suitable one,
    and usually, the traders can build their own system after got so many experiences, and evaluate them for many times, i see it is not easy but as a must for every traders

  8. #18
    Banned
    Join Date
    Nov 2013
    Posts
    14,748
    There are lots of stages for this, and it is not a matter of building a software, the software that will help on this are already existing, but the way you will use it is the way of building the system you are trading with. You will locate the purpose of your trading, the timing and the quality target, these are what you use as its factors.

  9. #19
    Yeah I am agree with you guys its not very easy to build a trading strategy within few days, it can take a long time to make our trading strategy very effective in forex, many trader's want to make money very fast and don't want to test their trading strategy but this type of trading strategy can't give them a better result in trading.

  10. #20
    Trader
    Join Date
    Aug 2013
    Location
    Undercover
    Posts
    999
    Finding a trading strategy is more like doing some kind of research. I do it in these simple steps...

    1. Think what you want from your trading and make a target.

    2. Do some calculations how can you reach your target.

    3. Think how much risk you can take in that trade.

    4. Incorporate risk to your calculation.

    5. Open a demo account and start trading.

    6. Check each and every trade result carefully and continue to do it for few months.

    7. If it has a problem go back to step 1-4.

    8. If working well then use it in real trade.

    That's it.

Page 2 of 38 FirstFirst 12345612 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •